Daily Gains Rockets at 10% for HYPE as Bitcoin Recovers $105K (Market Watch)
Unleash your crypto game with our juicy market update! Bitcoin hit a multi-day high of over $106,500 but was swiftly knocked back down, losing over a grand. It's rough out there for our favorite cryptocurrency, ain't it?
Many altcoins, though, are shining bright, racking up some impressive gains in the past 24 hours. And guess who's leading the pack? That's right - the legendary HYPE!
$106.5K Roadblock for BTC
Bitcoin tried to storm the $110,000 fortress multiple times last week, aiming for another all-time high. But something always halted it in its tracks, with the most brutal rejection happening on Thursday and Friday—particularly when US President Trump claimed China had violated a trade agreement between the behemoths.
The news sent Bitcoin plummeting from a $109,000 peak to $103,100 by Saturday morning, marking a 12-day low. The bulls stepped in, though, and defended that level, helping Bitcoin bounce back to $104,500 over the weekend.
Monday began with more volatility, with BTC soaring to $106,000 before being pushed back under $104,000. It climbed even higher on Tuesday morning, reaching $106,500 for the first time since Thursday, but the ride was short-lived, and it's currently hovering inches above $105,000.
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Bitcoin's market cap is now at $2.090 trillion, and its dominance over the alts has taken a hit, slipping 0.5% daily to 61% on CG.
HYPE Sails Away
Remember HYPE? The bright altcoin that exploded in the middle of May, smashing its previous all-time high and reaching around $40? Well, it dipped to $30 next, but it's back in action now, with an 11% surge, sending it above $36.
In terms of daily gains, HYPE has been outshone only by ENA and WIF, which soared by 12% and 15%, respectively. Other top performers from the larger-cap alts include AAVE, ICP, and PEPE.
ETH has gained 5% and now sits pretty at $2,600, while SOL is close to $160 following a 3% boost.
The total crypto market cap has increased by a cool $30 billion since yesterday and now stands at $3.430 trillion on CG.
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- Despite Bitcoin's struggle to surpass $110,000 due to economic agreements between the US and China, other cryptocurrencies like HYPE, ENA, WIF, AAVE, ICP, and PEPE have shown impressive gains.
- HYPE, the altcoin that reached $40 in May, has regained its momentum and surged by 11%, pushing its price above $36.
- The total crypto market cap has grown by $30 billion since yesterday and is now at $3.430 trillion.
- To stay updated on the crypto market, sign up for our free daily update, and you'll receive market insights just like a hard-working million-dollar groupie.
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